We are delighted to announce the launch of Caresolve Financial.
Headed up by Finance Director Richard Shore, our new service has been designed to offer financial solutions to care homes.
Caresolve Financial works with care homes to provide them with a clear insight into their operational, financial and compliance position. Our team can also help clients to negotiate CQC guidelines.
As well as finance director services, our key services include comprehensive reviews, financial management support and advisory services including trading projections, financial due diligence and help with the CQC Registration process.
The service is aimed at care home operators as well as banks and insolvency practitioners concerned about early warning signs in respect of their care home customers.
Research shows that the number of care homes going bust has risen by more than a third. Budget cuts by local government and the introduction of the national living wage are believed to have put the care home sector under increased pressure.
We know that the care home sector is under increasing financial pressure and it is so important for operators to keep a close eye on their current position and to read the road ahead.
Our team is highly experienced in dealing with all the financial aspects of running a care home – whether that’s a single care home or a complex, multi-site business reporting to numerous stakeholders.
We understand that a poor inspection report can have a dramatic and detrimental impact on a care home.
The consequences can often be severe and, should remedial work and required improvements not be made within time frames given, operators can end up being forced to close.
We are specialists in care home transformation and our aim is to help care homes run safe, successful and high-performing businesses.
For more details on our services visit http://www.caresolve.org.uk/all-services/caresolve-financial/ or please get in touch if you would like to know more about how we could help your business http://www.caresolve.org.uk/contact/